Its funny how you losers will say anything to convince yourselves that your own failures are justified.
The market is random
- Thread starter college_trad3r
- Start date
The big confusion here is that by the term "Random" original poster obviously had "Normally Distributed" in mind. So, if the question is "are the markets normally distributed?" then the answer is "Hell NO!". However, the markets are RANDOM. They absolutely must be to provide desired efficiency. But it , of course, does not mean that the markets do not exhibit stable stochastic patterns.
<b>From college_trad3r:</b>
<b>there is no winning trading strategy.</b>
Trading is more about luck than hard work.
Hello ET, thanks for the welcome.
I do not share your conclusion. Strategies change, but the ability to change your systems with the market is one mark of a professional trader, as opposed to one who merely finds a workable system, and rides that system until either the system breaks, or the market changes and ends the profitability of the system. A trader must own their system in design and application, or that system is no better than any other system sold by gurus and third-parties to unsuspecting traders. If you did not make the system yourself, you can neither fix it or change it to adapt when the market changes. And it does.
Hard luck cannot be quantified, but random instances can be, as to their frequency. Probability is the name of the game, and plays a role in every trading system out there. A million individual traders pushing buttons on their platforms make the market, at least in the emini futures, a market imbedded in the human psyche, subject to all the emotional manipulations people feel. Lawyers charge hundreds per hour because they are expert guessers at what a judge or jury would conclude about the body of a case. The same is true of a professional trader, and the ability to expertly judge what the market will do can only come from hours in the market. No number of trading books will prepare you for trading. If you are truly a college student who has taken up trading, is it possible you simply need more experience in the market before trading cash? How well do you handle distractions, people and other priorities pressing on your day?
May I suggest that traders using someone else's system, via guru/chatroom/signals/etc. are riding a timebomb, with an detonation date unknown to the trader. That is neither sustainable practice nor prudent financial planning. May I also suggest that unless a trader can design their own system, from nothing or based on elements of others' systems, and learn how to replace elements as needed to adapt profitably over time, that trader is both a blown account waiting to happen and a broker's prize client.
To the OP, if your conclusion is based upon frustration, may I suggest taking an extended vacation with your fingers off the platform completely.
Happy trading.
<b>there is no winning trading strategy.</b>
Trading is more about luck than hard work.
Hello ET, thanks for the welcome.
I do not share your conclusion. Strategies change, but the ability to change your systems with the market is one mark of a professional trader, as opposed to one who merely finds a workable system, and rides that system until either the system breaks, or the market changes and ends the profitability of the system. A trader must own their system in design and application, or that system is no better than any other system sold by gurus and third-parties to unsuspecting traders. If you did not make the system yourself, you can neither fix it or change it to adapt when the market changes. And it does.
Hard luck cannot be quantified, but random instances can be, as to their frequency. Probability is the name of the game, and plays a role in every trading system out there. A million individual traders pushing buttons on their platforms make the market, at least in the emini futures, a market imbedded in the human psyche, subject to all the emotional manipulations people feel. Lawyers charge hundreds per hour because they are expert guessers at what a judge or jury would conclude about the body of a case. The same is true of a professional trader, and the ability to expertly judge what the market will do can only come from hours in the market. No number of trading books will prepare you for trading. If you are truly a college student who has taken up trading, is it possible you simply need more experience in the market before trading cash? How well do you handle distractions, people and other priorities pressing on your day?
May I suggest that traders using someone else's system, via guru/chatroom/signals/etc. are riding a timebomb, with an detonation date unknown to the trader. That is neither sustainable practice nor prudent financial planning. May I also suggest that unless a trader can design their own system, from nothing or based on elements of others' systems, and learn how to replace elements as needed to adapt profitably over time, that trader is both a blown account waiting to happen and a broker's prize client.
To the OP, if your conclusion is based upon frustration, may I suggest taking an extended vacation with your fingers off the platform completely.
Happy trading.
You didn't "warn" about the dangers of short term trading, you FLAT OUT SAID that THERE ARE NO PROFITABLE SHORT TERM TRADERS.
Don't pretend that you were trying to help anyone, you're just angry that you could never make it as a short term trader so you might as well proclaim that it's impossible right
Don't pretend that you were trying to help anyone, you're just angry that you could never make it as a short term trader so you might as well proclaim that it's impossible right
the reason "systems" stop working is because the market changes with its eb and flow. It does the same thing in a sense just does it a little different.
this does not mean that the market is random
as long as a trader trades what is happening instead of what they think will happen than they will always win--- or at least i do
be discretionary and willing to adapt--- taking advantage of other traders mistakes in a psychological kind of way---
the price bars tell the story-- always have and always will
those of you who do not understand does not make it impossible for others to do it -----day in and day out
this does not mean that the market is random
as long as a trader trades what is happening instead of what they think will happen than they will always win--- or at least i do
be discretionary and willing to adapt--- taking advantage of other traders mistakes in a psychological kind of way---
the price bars tell the story-- always have and always will
those of you who do not understand does not make it impossible for others to do it -----day in and day out